$2,350 Closing Credit*
$197,900
960 SqFt
4 Beds
•1 Full Bath, 1 Partial
Danny West, Listing Office: RE/MAX Concepts
Is Monroe, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Monroe has remained a Seller's Market.
Key Takeaway
Monroe is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Monroe, IA
How much do homes in Monroe, IA cost?
Median Sold Price
$240,000
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$40,000(+20.0%)
Key Takeaway
Homes in Monroe have sold for 20% more than they did a year ago.
Summary: The median home sold price in Monroe was $240,000 in November 2024, up 20% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $125K | N/A |
| 2 Bedrooms | $136.3K | $182.7K | +34.0% |
| 3 Bedrooms | $200K | $241K | +20.5% |
| 4 Bedrooms | $310K | $255K | -17.7% |
| 5+ Bedrooms | $408K | - | N/A |
Summary: Monroe housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 34%, 3 bedroom homes increased by 20.5%, 4 bedroom homes decreased by 17.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Monroe | $200K | $240K | +20.0% |
| Fairview Township | $197.5K | $230K | +16.5% |
Housing Supply in Monroe, IA
How many homes are available in Monroe, IA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 14 | -17.6% |
Summary: The Monroe real estate market had 14 homes for sale in November 2024, a 17.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 3 | 2 | -33.3% |
| 4 Bedrooms | 10 | 9 | -10.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Monroe housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 6 | +200.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Monroe, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Monroe in November 2024, up by 200.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for Monroe, IA
How long does it take to sell a home in Monroe, IA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 12 Days | 134 Days | +999.3% |
Summary: Homes in Monroe had an average of 134 days on market in Nov 2024, up by 999.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Monroe are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 6 homes were sold in Monroe; 33% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
